Dividend 15 Split (TSE:DFN) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Dividend 15 Split Corp. (TSE:DFN) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$7.37 and traded as high as C$7.85. Dividend 15 Split shares last traded at C$7.81, with a volume of 638,755 shares trading hands.

Dividend 15 Split Stock Performance

The company has a market capitalization of C$1.15 billion, a P/E ratio of 3.36 and a beta of 1.97. The company has a current ratio of 1.51, a quick ratio of 1.75 and a debt-to-equity ratio of 190.85. The company’s fifty day moving average is C$7.40 and its 200 day moving average is C$6.93.

Dividend 15 Split Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 10th were given a $0.10 dividend. The ex-dividend date was Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 15.3%. Dividend 15 Split’s payout ratio is 47.21%.

About Dividend 15 Split

The Companys investment objectives with respect to the Class A Shares are (a) to provide holders of Class A Shares with regular monthly cash dividends targeted to be $0.10 per Class A Share; and (b) on or about the Termination Date (as defined herein), to pay holders of Class A Shares $15.00 per Class A Share, which was the issue price thereof on the initial public offering of the Company, through the redemption of each Class A Share held on the Termination Date. The assets of the Company are invested in an actively managed portfolio of common shares (the Portfolio) which primarily includes securities of the following 15 publicly traded Canadian companies (the Portfolio Companies), each of whose securities will generally represent no less than 4% and no more than 8% of the Net Asset Value of the Company: Bank of Montreal The Bank of Nova Scotia BCE Inc Canadian Imperial Bank of Commerce CI Financial Corp.